You are here: Home » International » News » Finance
Business Standard

US expansion widening as financial risks muted, says Janet Yellen

Yellen said she expects the Fed to continue gradually raising interest rates and trimming its balance sheet

Bloomberg 

Federal Reserve Chair Janet Yellen , in what may be her final testimony to Congress as head of the central bank, described a steadily brightening picture for the US economy while downplaying the risks of financial instability. “The economic expansion is increasingly broad based across sectors as well as across much of the global economy,’’ Yellen said in testimony to the bicameral Joint Economic Committee on Wednesday in Washington. “I expect that, with gradual adjustments in the stance of monetary policy, the economy will continue to expand and the job ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, November 30 2017. 02:14 IST
RECOMMENDED FOR YOU